REMIC 2 IO Interests definition

REMIC 2 IO Interests. Each of the LT2-I-1-IO Interest, LT2-I-2-IO Interest, LT2-I-3-IO Interest, LT2-I-4-IO Interest, LT2-I-5-IO Interest, LT2-I-6-IO Interest, LT2-I-7-IO Interest, LT2-I-8-IO Interest, LT2-I-9-IO Interest, LT2-I-10-IO Interest, LT2-I-11-IO Interest, LT2-I-12-IO Interest, LT2-I-13-IO Interest, LT2-I-14-IO Interest, LT2-I-15-IO Interest, LT2-I-16-IO Interest, LT2-I-17-IO Interest, LT2-I-18-IO Interest, LT2-I-19-IO Interest, LT2-I-20-IO Interest, LT2-I-21-IO Interest, LT2-I-22-IO Interest, LT2-I-23-IO Interest, LT2-I-24-IO Interest, LT2-I-25-IO Interest, LT2-I-26-IO Interest, LT2-I-27-IO Interest, LT2-I-28-IO Interest, LT2-I-29-IO Interest, LT2-I-30-IO Interest, LT2-II-1-IO Interest, LT2-II-2-IO Interest, LT2-II-3-IO Interest, LT2-II-4-IO Interest, LT2-II-5-IO Interest, LT2-II-6-IO Interest, LT2-II-7-IO Interest, LT2-II-8-IO Interest, LT2-II-9-IO Interest, LT2-II-10-IO Interest, LT2-II-11-IO Interest, LT2-II-12-IO Interest, LT2-II-13-IO Interest, LT2-II-14-IO Interest, LT2-II-15-IO Interest, LT2-II-16-IO Interest, LT2-II-17-IO Interest, LT2-II-18-IO Interest, LT2-II-19-IO Interest, LT2-II-20-IO Interest, LT2-II-21-IO Interest, LT2-II-22-IO Interest, LT2-II-23-IO Interest, LT2-II-24-IO Interest, LT2-II-25-IO Interest, LT2-II-26-IO Interest, LT2-II-27-IO Interest, LT2-II-28-IO Interest, LT2-II-29-IO Interest and LT2-II-30-IO Interest.
REMIC 2 IO Interests. Each of the Class LT2-A1AX Interest, the Class LT2-A1BX Interest, the Class LT2-M1X Interest and the Class LT2-M2X Interest.
REMIC 2 IO Interests. Each of the Class LT2-1-IO Interest, LT2-2-IO Interest, LT2-3-IO Interest, LT2-4-IO Interest, LT2-5-IO Interest, LT2-6-IO Interest, LT2-7-IO Interest, LT2-8-IO Interest, LT2-9-IO Interest, LT2-10-IO Interest, LT2-11-IO Interest, LT2-12-IO Ixxxxxxx, XX0-00-XX Xxxxxxxx, XX0-00-XX Xxxxxxxx, LT2-15-IO Xxxxxxxx, XX0-00-XX Xxxxxxxx, XX0-00-XX Xxxxxxxx, LT2-18-IO Xxxxxxxx, XX0-00-XX Xxxxxxxx, XX0-00-XX Xxxxxxxx, LT2-21-IO Xxxxxxxx, XX0-00-XX Xxxxxxxx, XX0-00-XX Xxxxxxxx, LT2-24-IO Xxxxxxxx, XX0-00-XX Xxxxxxxx, XX0-00-XX Xxxxxxxx, LT2-27-IO Xxxxxxxx, XX0-00-XX Xxxxxxxx, XX0-00-XX Xxxxxxxx and LT2-30-IO Interest.

Examples of REMIC 2 IO Interests in a sentence

  • On each Distribution Date, REMIC 4 shall be deemed to have received the amounts deemed distributed in respect of the REMIC 3 Regular Interests and the REMIC 2 IO Interests.

  • Any shortfalls of interest on the Group II Mortgage Loans will be allocated, first, to the Class LT2-II-X Interest, then to the remaining REMIC 2 Regular Interests (other than the REMIC 2 IO Interests) designated with a "II" in numerical order and finally to the REMIC 2 Regular Interests designated with both a "II" and an "IO".

  • Any shortfalls of interest on the Group I Mortgage Loans will be allocated, first, to the Class LT2-I-X Interest, then to the remaining REMIC 2 Regular Interests (other than the REMIC 2 IO Interests) designated with a "I" in numerical order and finally to the REMIC 2 Regular Interests designated with both a "I" and an "IO".

  • The assets of the Upper Tier REMIC shall be the REMIC 4 Regular Interests and the REMIC 2 IO Interests.

  • The assets of REMIC 3 shall be the REMIC 2 Regular Interests (other than the REMIC 2 IO Interests).

  • REMIC 3 shall hold as assets the several classes of uncertificated REMIC 2 Regular Interests, other than the REMIC 2 IO Interests.

  • The Upper Tier REMIC will consist of the REMIC 4 Regular Interests and the REMIC 2 IO Interests and will be evidenced by the REMIC Regular Interests (which will represent the "regular interests" in the Upper Tier REMIC) and the Residual Interest as the single "residual interest" in the Upper Tier REMIC.

  • REMIC 3 will consist of the REMIC 2 Regular Interests (other than the REMIC 2 IO Interests) and will be evidenced by the REMIC 3 Regular Interests (which will represent the "regular interests" in REMIC 3) and the Class LT3-R Interest as the single "residual interest" in REMIC 3.

  • The Upper Tier REMIC shall hold as assets the several classes of uncertificated REMIC 3 Regular Interests and the REMIC 2 IO Interests.

  • On each Distribution Date, REMIC 3 shall be deemed to have received the amounts deemed distributed in respect of the REMIC 2 Regular Interests other than the REMIC 2 IO Interests.


More Definitions of REMIC 2 IO Interests

REMIC 2 IO Interests. Each class of interest in REMIC 2 that has the letters "IO" in its class designation.
REMIC 2 IO Interests. As described in the Preliminary Statement.

Related to REMIC 2 IO Interests

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • REMIC II Interests means, collectively, the REMIC II Regular Interests and the Class R-II Certificates.

  • Lower Tier REMIC Interests Each of the Class LTA-1 Interest, the Class LTA-2A Interest, the Class LTA-2B Interest, the Class LTA-2C Interest, the Class LTA-2D Interest, the Class LTM-1 Interest, the Class LTM-2 Interest, the Class LTM-3 Interest, the Class LTM-4 Interest, the Class LTM-5 Interest, the Class LTM-6 Interest, the Class LTB-1 Interest, the Class LTB-2 Interest, the Class LTB-3 Interest, the Class LTIX Interest, the Class LTIIX Interest, the Class LTII1A Interest, the Class LTII1B Interest, the Class LTII2A Interest, the Class LTII2B Interest, the Class LT-IO Interest and the Class LTR Interest.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • REMIC 2 As described in the Preliminary Statement.

  • REMIC 2 Regular Interests One of the separate non-certificated beneficial ownership interests in REMIC 2 issued hereunder and designated as a Regular Interest in REMIC 2. Each REMIC 2 Regular Interest shall accrue interest at the related Uncertificated REMIC 2 Pass-Through Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto. The following is a list of each of the REMIC 2 Regular Interests: REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTA1, REMIC 2 Regular Interest LTA2, REMIC 2 Regular Interest LTA3, REMIC 2 Regular Interest LTA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest LTM10, REMIC 2 Regular Interest LTZZ, REMIC 2 Regular Interest LTP and REMIC 2 Regular Interest LTIO.

  • Lower Tier REMIC Regular Interests Each of the Lower Tier REMIC Interests other than the Class LTR Interest.

  • REMIC II Assets The REMIC I Regular Interests.

  • REMIC I Regular Interests The Classes of undivided beneficial interests in REMIC I designated as “regular interests” in the table titled “REMIC I Interests” in the Preliminary Statement hereto. The REMIC I Regular Interests, together with the Class R-1 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC I Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • REMIC 4 The segregated pool of assets consisting of the Class C Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class C Certificates and the Class R-X Certificates (in respect of the Class R-4 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • REMIC I Assets All of the Mortgage Pool Assets.

  • REMIC II Regular Interests The Classes of undivided beneficial interests in REMIC II designated as “regular interests” in the table titled “REMIC II Interests” in the Preliminary Statement hereto. The REMIC II Regular Interests, together with the Class R-2 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • REMIC 1 Regular Interests REMIC 1 Regular Interest LT1A, REMIC 1 Regular Interest LT1B, REMIC 1 Regular Interest LT1C, REMIC 1 Regular Interest LT1D and REMIC 1 Regular Interest LT1P.

  • REMIC Regular Interests The REMIC I Regular Interests and REMIC II Regular Interests.

  • REMIC III Regular Interests The Classes of undivided beneficial interests in REMIC III designated as “regular interests” in the table titled “REMIC III Interests” in the Preliminary Statement hereto.

  • Uncertificated Lower-Tier Interests Any of the Class LA1, Class LA2, Class LA3, Class LA4, Class LA5, Class LASB, Class LAS, Class LB, Class LC, Class LD, Class LE, Class LF and Class LNR Uncertificated Interests.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.

  • REMIC 1 As described in the Preliminary Statement.

  • Regular Interests (i) With respect to REMIC I, the REMIC I Regular Interests and (ii) with respect to REMIC II, the REMIC II Regular Interests.

  • Lower-Tier Regular Interests The respective classes of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Lower-Tier REMIC, designated as the Class XX-0, Xxxxx XX-0, Class LA-3, Class LA-4, Class LA-AB, Class LA-S, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and Class LVRR Lower-Tier Regular Interests.

  • REMIC A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code.

  • REMIC 2 Regular Interest Each of the REMIC 2 Interests other than the Class LT2-R Interest.

  • REMIC V The segregated pool of assets consisting of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class P Certificates and the Class RX Certificate (in respect of the Class R-5 Interest), with respect to which a separate REMIC election is to be made.

  • REMIC VI The segregated pool of assets consisting of the Class IO Interest conveyed in trust to the Trustee, for the benefit of the Holders of REMIC VI Regular Interest IO and the Class RX Certificate (in respect of the Class R-6 Interest), with respect to which a separate REMIC election is to be made.

  • REMIC 3 The segregated pool of assets consisting of all of the REMIC 2 Regular Interests conveyed in trust to the Trustee, for the benefit of the Holders of the Regular Certificates and the Class R Certificate (in respect of the Class R-3 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.